BEL announces 55% final dividend; Q4 profit rises 5% to Rs 2,225 crore

BEL Q4 Results, Final Dividend 2026: State-run defence equipment maker Bharat Electronics Limited on Tuesday reported a 4.61 per cent year-on-year rise in consolidated net profit for the March quarter of FY26, supported by healthy execution across its defence electronics business and steady order inflows.

The Navratna defence PSU posted a consolidated net profit of Rs 2,225.22 crore for Q4 FY26, compared with Rs 2,127.04 crore in the corresponding quarter last year.

Revenue from operations rose nearly 12 per cent to Rs 10,224.43 crore in the January-March period, against Rs 9,149.59 crore a year ago.

The company’s board also recommended a final dividend of Rs 0.55 per fully paid-up equity share of face value Re 1 each for FY26, subject to shareholders’ approval at the ensuing Annual General Meeting (AGM).

EBITDA grows 6 per cent, margins contract

The country’s leading defence electronics maker reported stable operational performance during the quarter. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 6 per cent to Rs 2,982 crore from Rs 2,816 crore in the year-ago period.

However, BEL’s operating profit margin narrowed to 29.1 per cent from 30.7 per cent on an annual basis, indicating some pressure on profitability despite higher revenue growth.

On a standalone basis, BEL reported net profit of Rs 2,203.16 crore for the March quarter, up around 5 per cent from Rs 2,104.78 crore in the corresponding quarter of the previous financial year. Revenue from operations stood at Rs 10,177.17 crore, up 11.5 per cent year-on-year.

FY26 profit rises 14 per cent

For the full financial year FY26, Bharat Electronics reported revenue from operations of Rs 27,479.63 crore, registering a growth of 16.15 per cent over Rs 23,658.01 crore reported in FY25.

Profit after tax (PAT) for FY26 climbed 14.38 per cent to Rs 6,048.48 crore, compared with Rs 5,288.25 crore in the previous financial year.

As of April 1, 2026, the company’s order book stood at Rs 73,882 crore, providing strong revenue visibility going forward.

BEL signs MoU for future technologies

Earlier this month, Bharat Electronics signed a tripartite memorandum of understanding (MoU) with Metamind Systems Private Ltd and Kristellar Aerospace Private Ltd for co-operation and co-development of future-ready products and technologies for both defence and non-defence segments.

According to the company, the partnership aims to leverage the complementary strengths of the three firms in business facilitation and technological innovation.

Order book

As of April 1, 2026, Bharat Electronics’ order book stood at Rs 73,882 crore, providing strong revenue visibility for the coming quarters.

BEL share price

Shares of Bharat Electronics Limited settled at Rs 422.95 apiece on the National Stock Exchange of India on Tuesday, down 0.86 per cent ahead of the earnings announcement.

BEL shares have remained under some pressure in the near term. The stock has declined over 8 per cent in the last one month and fallen 2.6 per cent over the past three months.

However, the defence PSU stock has gained 16.5 per cent in the last one year. Over the longer term, BEL has delivered multibagger returns to investors, with the stock surging nearly 720 per cent in the past five years.